On March 31, 1971, the then Head of State, General Yakubu Gowon announced the decision of then Supreme Military Council to change Nigeria currency from Pounds to Naira. A Naira was equivalent to 10 shillings. He also announced that smaller units of the Naira would be the Kobo.
Then 100 kobo was to be 1 Naira.

On January 1, 1973, the new currency came into effect. Then N20 bank note was the highest denomination. At that time N1 was equivalent to $1.52. So if you had you had N1000, your value was $1520.

51 years after, the Naira is about to find its grave, no thanks to the APC led Federal Government that have destroyed everything thing and lagacies that Nigerians mistakenly handed over to them.

Though the Naira has faltered and been resilient over time inspite of several bashing here and there. In 50 years the currency lost 450% of its value. To depreciate to N450/$1. That means that the Nsura was losing average if N9 per year.

Then came the Lagos whizkid, Bola Ahmed Tinubu. A renown Accountant and Auditor and a first class graduate of Chicago State University. One of the brightest minds of his generation, who single-handedly built Lagos from nothing to become the 5th Lagest economy in Africa. The Jagaban Borgu as he is fondly called came and has successfully drowned the Naira in a space of just 9 months. His record breaking streak is so fundamental that it is only comparable to those of late Robert Mugabi of Zimbabwe and Nicolas Maduro of Venezuela, who unenviable destroyed their country's currencies.

Tinubu has now devalued the Naira to a whopping 333% in 9 months. This means that in about 0.75 year, the whizkid from Lagos drowned the Naira at the rate of N1400 per year compared to other leaders who managed to keep average devaluation at N9 per year. What an achievement.
No Nigerian could have achieved this feat than a first class graduate, who has neither First School, nor high school diploma.

For nine months, Nigerians have been groaning under the effect of this resounding failure that they now whimper in fear and distress. Every economic policies of the Jagaban has implemented have so far failed. He appears to have lost steam as the economy nove-dives like a plane destined to crash land. The unfortunate thing here is that Tinubu is piloting this plane carrying 200 million passengers.

All hail the Jagaban, the destroyer of Nigeria economy. Those who called Jonathan "Clueless" are not worse than "Blockhead".

Hello, Zimbabwe.

Hi, Venezuela...

gaby:
Hello, Zimbabwe.

Hi, Venezuela...

Thank you jarè

Tinubu should have kept borrowing 1.5b dollars to strengthen the dollar. The fake life should have continued until the country is mortgaged and sold patapata.

We should have continued to borrow billions of dollars to pay subsidy thieves and also use our oil revenue to service debts.

No wonder Buhari mortgaged crude oil and used the money to pay debts. Chaiiiiiiiiiiiii!!!!!

forgiveness:
Tinubu should have kept borrowing 1.5b dollars to strengthen the dollar. The fake life should have continued until the country is mortgaged and sold patapata.

We should have continued to borrow billions of dollars to pay subsidy thieves and also use our oil revenue to service debts.

No wonder Buhari mortgaged crude oil and used the money to pay debts. Chaiiiiiiiiiiiii!!!!!

Where is the Trillions he has saved from subsidy removal Yet, they cannot pay January salary by the middle of February.

Time For Tinubu to resign. This disgrace is too much.